Debra Cafaro

Debra A. Cafaro
Born (1957-12-15) December 15, 1957 (age 67)
Pittsburgh, Pennsylvania, US
OccupationBusinessperson
Spouse
Terrance K. Livingston
​
​
(m. 1983)​
Children2

Debra A. Cafaro (born December 15, 1957) is an American business executive who has been CEO of Ventas, Inc. since 1999.

Personal life

Cafaro was born in Pittsburgh, Pennsylvania to a working class Catholic family. She has one younger sister. Her mother, Dee Francis, was first-generation Lebanese[1] who grew up in an Arabic speaking household in Washington, Pennsylvania. Her father was born in Pittsburgh to a first-generation Italian family[1] with 13 children. His immigrant father and mother owned restaurants and bars; her father worked as a letter carrier for the US Postal Service. Cafaro married Terrance K. Livingston in 1983. They have two adult children and reside in suburban Chicago.[2][3]

Education and career

Cafaro received her B.A. in government economics from the University of Notre Dame in 1979 and her J.D. in 1982 from the University of Chicago Law School.[4] During Law School, she was the research assistant for Edward H. Levi, the former President of the university and Attorney General of the United States. She had summer associate stints at the law firms Jones Day in Cleveland (1980), Debevoise & Plimpton in New York (1981) and Cleary Gottlieb in New York (1982). In 1982–83, Cafaro served as a judicial clerk to the Hon. J. Dickson Phillips, United States Court of Appeals for the Fourth Circuit.[4] From 1983 to 1997, Cafaro practiced real estate, corporate and finance law, Cafaro also taught real estate transactions and finance as an adjunct professor at Northwestern University Law School from 1988 to 1992. She joined Ambassador Apartments Inc. (NYSE:AAH), a multifamily REIT, as president and a director, in 1997 where she helped sell the company.[4][5]

Cafaro was hired as president and chief executive officer to rescue Ventas, a healthcare REIT, in 1999.[6] Her initial actions at Ventas were to restructure the bank debt, lead a global consensual restructuring of its main tenant Vencor so it could emerge from bankruptcy (renamed Kindred Healthcare, Inc.)[7] Cafaro was listed as one of the best performing CEOs in the world for six years by the Harvard Business Review, until the list was discontinued in 2020.[8]

In 2016, Cafaro became an owner and member of the management committee of the Pittsburgh Penguins, a National Hockey League team, who won back-to-back Stanley Cup championships in 2016 and 2017.[4][9][10]

References

  1. ^ a b Julie Williamson (July 14, 2005). "Having the REIT stuff -- Debra Cafaro, CEO, Ventas Inc". McKnights. Retrieved May 25, 2014.
  2. ^ Alejandra Cancino (September 19, 2011). "Nothing ventured, nothing gained for the head of the nation's largest public REIT". Chicago Tribune. Retrieved May 25, 2014.
  3. ^ Ann Therese Palmer (June 22, 2009). "Ventas Inc. CEO Debra Cafaro credits Pittsburgh roots, sports for her strong foundation". Chicago Tribune. Retrieved June 22, 2009.
  4. ^ a b c d "Ventas, Inc." Archived from the original on September 7, 2015.
  5. ^ Mark Thomton (October 19, 2011). "Debra Cafaro leads Ventas through a decade of success". RE Journals. Archived from the original on May 28, 2014. Retrieved May 25, 2014.
  6. ^ "Ventas REIT taps Debra Cafaro as new CEO". Reality Times. March 9, 1999. Retrieved May 25, 2014.
  7. ^ Barron's (July 30, 2001). "Intrinsic worth". Barron's. Retrieved July 30, 2001.
  8. ^ "The Best-Performing CEOs in the World, 2019". Harvard Business Review. November 2019.
  9. ^ "Winners and losers of the Stanley Cup playoffs". ESPN.com. Retrieved June 19, 2017.
  10. ^ Soshnick, Scott. "Pittsburgh Mailman's Daughter-Turned-CEO Drops $25 Million on Her Beloved Penguins". Bloomberg News. Retrieved December 2, 2016.